1 December 2015
Toronto, Ontario, December 1, 2015 – Kennady Diamonds Inc. (“Kennady Diamonds”, the “Company”) (TSX-V: KDI) is pleased to announce the successful conclusion of the 2015 field program at the 100 percent controlled Kennady North project with the completion of more than 33,400 meters of drilling. Highlights of the 2015 exploration program include the discovery of two pipe-like kimberlites at Faraday 1 and Faraday 2, as well as confirmation of continuity of the strike of the Kelvin kimberlite beyond the current geological model.
Kennady Diamonds President and CEO Patrick Evans commented: “We are very pleased with the excellent progress made at Kennady North during our most active year since the start of exploration in 2012. The results of the Kelvin bulk sample confirm that Kelvin has the potential to host a large, high-grade diamond deposit. Preparation of the maiden NI 43-101 resource statement is underway and expected to be completed shortly. A high point of the 2015 exploration season was the discovery of two pipe-like kimberlite bodies at Faraday 1 and 2. Techniques that supported the discovery of these two kimberlite pipes are expected to aid in the discovery of further pipe-like bodies within the Kelvin–Faraday corridor when drilling resumes in early 2016.”